Re: [CANSLIM] TTIL , any news?

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] TTIL , any news?
Date: Tue, 29 Jan 2002 22:29:52 -0800

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Top of Thread: Re: [CANSLIM] TTIL , any news? "Katherine Malm"
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Hi Katherine,

You pointed out a key indicator: the 75% above the 200dma. I think it was
just a couple weeks ago, I was telling someone ELSE why I thought their
stock was extended - and brought up that same rule. (g)

While I'm not happy about the big stopout, I did learn from my previous
fiasco (DNCR) and put a stoploss right away on this one.

I'm with you on the bearishness. Still not enough fear yet. I'm looking at a
3 year chart of the Dow. Each dip lower since the March 2K top has been
lower than the last but with a bullish rebound.  Always interesting to look
back at the big picture.


- -Bill


- ----- Original Message -----
From: "Katherine Malm" <kmalm@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Tuesday, January 29, 2002 6:47 PM
Subject: Re: [CANSLIM] TTIL , any news?


Hi Bill,

I don't see that there's any news on TTIL, but I think what you're seeing is
group weakness. Most of the group peaked and started correcting 12/28-1/4.
Stronger players have managed to hold up (BOBJ, TTIL, SEBL), but the steady
downdraft in the group was bound to get stocks like TTIL eventually. TTIL
has had a nice straight up ride since it bottomed 9/21 around $10 and has
met some major resistance at the the $36 level set 6/00. I'd say the "get
out even crowd" was selling today. One last thing....TTIL was slightly
extended--running 75% above the 200dMA. In a strong bull market that would
probably fly, but I think the downdraft in the market as a whole lately is
scaring the bejeepers out of people. Good. We need plenty of bearishness if
we've got any chance of getting this new bull off to a good start. Sorry you
were caught in the rush to the exits, however.

Katherine

PS I wouldn't bet on SEBL holding up here and would definitely be running
for the exits if it broke that uptrend. A drop below $31 and its bye-bye
SEBL.
  ----- Original Message -----
  From: Bill Triffet
  To: canslim
  Sent: Tuesday, January 29, 2002 8:13 PM
  Subject: [CANSLIM] TTIL , any news?


  Got stopped out today on TTIL (barely broke even). Other than general
market
  factors, I can't find any current news that would send it down 15% today.
In
  my view, it was really looking good last week...but that was last week.
(g)

  Also, I'm finding (with Fidelity anyways) that the stop-loss executions
are
  pretty weak. I had it set at 31 but didn't execute till down at 29.  That
  added a hefty 7% downwards move to the trade! I realize that market
  conditions can send a stock down fast and you take what you get but it
makes
  me want to set a higher stop as a cushion. Of course this presents the
  problem of being stopped out too early. Others find the same dilemma?

  -Bill Triffet




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